California’s Revised Budget Plan Slashes Financial Aid Funding
BestColleges
MAY 20, 2024
Gavin Newsom unveiled his revised 2024-2025 budget proposal , which targets funding to financial aid programs in an effort to alleviate a portion of the state's $27 billion deficit. In 2020 , the program received $117 million in state funds, helping more than 55,000 students. The budget also leaves off investments to Cal Grant.
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